World Liberty Financial (WLFI)

Something unbelievable happened to me recently.
#WLFI project team, citing a UK sanctions-related review, froze WLFI assets held in HTX-related addresses.

It should be noted specifically that the frozen assets are not those of the supposedly sanctioned entity, nor HTX’s platform assets, but the assets legally purchased and held by all users.

To date, we have not received a sufficient explanation from the project team regarding the scope of the freeze, the lawful and compliant basis for it, the execution standards, or the mechanism for unfreezing.

After the sanction-related incident that unintentionally affected users erupted, peers across the industry have been helping HTX get through the difficulty, actively assisting users to resolve issues, and assets unrelated to the sanctions are being gradually unfrozen. Yet the WLFI team, at this moment, chose to freeze users’ assets—the holders and supporters of its own project—something hard to believe and incomprehensible in motive.

One of the core values that has allowed the blockchain industry to develop to this point is that no institution or individual should arbitrarily deprive users of control over their legitimate assets.

If a project team can arbitrarily freeze user assets based on its own judgment, what do users actually hold—is it digital assets or a string of data that can be confiscated at any time?

As a platform, we always put user rights first.
1. HTX has formally approached WLFI with negotiations and rights-protection demands, urging them to lift the freeze as soon as possible and restore users’ normal asset transfer rights.
2. Until the issue is resolved, to protect user interests and prevent further risk propagation, HTX has decided to suspend WLFI-related trading services. Rest assured, the tokens remain on-chain and will not be lost; they will become withdrawable once unfrozen.

In addition, to prevent future problems, we have also closed USD1 deposit/withdrawal for the WLFI team and have already converted all USD1 into USDT to ensure asset safety.

For HTX, the most important thing has never been a single project, but the rights of each user.

We firmly believe that the development of the blockchain industry is built on transparency, fairness and user asset autonomy. Any action that may affect users’ legitimate asset rights should be thoroughly examined and follow transparent, compliant and verifiable procedures.

The safety and free flow of user assets is the foundation on which the entire industry relies; users’ autonomous control over their assets is a key embodiment of the blockchain spirit.

Today the affected parties are WLFI holders; tomorrow the challenge may be the industry’s consensus on user asset ownership.

This principle should not be easily breached by anyone.

Regarding this incident, we will spare no effort to take all reasonable measures to protect users’ lawful rights, and we will synchronise any further developments through HTX official announcements as soon as possible.

Finally, we thank all users for their continued support and trust in HTX; we will always stand together with our users.

A new wave rises before the last one has settled? The UK has also targeted Sun’s HTX.

The UK Treasury, citing "supporting Russia’s evasion of sanctions," added HTX @HTX_Global to the sanctions list, along with 17 other entities, including the issuer of a ruble stablecoin.

This might be the first time a major Western jurisdiction has directly acted against a top‑tier CEX; previously sanctions were mostly on mixers and the like.

Hang in there, Sun! G**D foreigners~! 🫡 https://t.co/K4RKgJUnwL